Samsung Electronics Co. has suspended production of one of its mid-range phones owing to a chip shortage, according to South Korea's Electronic Times, the latest sign of global semiconductor supply problems.

The Galaxy S21 Fan Edition was delayed due to a shortage of Qualcomm's application processors, according to the allegation, which cited an unnamed industry source. According to the report, Samsung planned to introduce the Galaxy S21 in August at a lower price. The corporation's spokesperson declined to respond

Samsung has issued a warning about the risks of a global "severe imbalance" in semiconductor supply. According to the source, owing to a chip shortfall that is unlikely to be resolved soon, Samsung may postpone the launch of the S21 FE phone model.